NEW YORK, February 28, 2017 /PRNewswire/ --
Stock-Callers.com is currently tracking the most recent performances of some equities in the Information Technology Services space: Gartner Inc. (NYSE: IT), Syntel Inc. (NASDAQ: SYNT), Wipro Ltd (NYSE: WIT), and 21Vianet Group Inc. (NASDAQ: VNET). These companies are part of the Technology sector, which pared some of its prior declines, but were unable to break into positive territory, with shares of Tech companies in the S&P 500 slipping about 0.1% just before the closing bell on Monday, February 27th, 2017. Register now and get full and free access to our downloadable research reports on these stocks at:
Stamford, Connecticut headquartered Gartner Inc.'s stock finished Monday's session 0.81% higher at $104.55 with a total trading volume of 380,417 shares. The Company's shares have advanced 2.98% in the past month, 0.91% in the previous three months, and 3.44% on an YTD basis. The stock is trading 3.69% above its 50-day moving average and 7.95% above its 200-day moving average. Additionally, shares of Gartner, provides independent research and analysis on the IT, supply chain, and digital marketing initiatives, have a Relative Strength Index (RSI) of 62.68.
On February 10th, 2017, CEB announced the expiration of the 35-day "go-shop" period under the merger agreement between CEB and Gartner that was previously announced on January 05th, 2017. The 35-day "go-shop" period ended at 11:59 p.m. ET on February 09th, 2017, and thereafter, pursuant to the merger agreement, CEB became subject to customary "no shop" provisions that limit its and its representatives' ability to solicit alternative acquisition proposals from third parties or to provide confidential information to third parties, subject to customary "fiduciary out" provisions. The acquisition is anticipated to be completed in H1 2017 following the satisfaction of customary closing conditions, including receipt of CEB's shareholder approval. Access our complete research report on IT for free at:
On Monday, shares in Troy, Michigan headquartered Syntel Inc. recorded a trading volume of 885,449 shares, which was above their three months average volume of 605,600 shares. The stock ended the session 0.44% lower at $17.90. The Company's shares are trading 13.01% below their 50-day moving average. Moreover, shares of Syntel, which provides digital transformation, IT, and knowledge process outsourcing (KPO) services worldwide, have an RSI of 31.37.
On February 17th, 2017, Syntel reported Q4 2016 revenue of $237.9 million compared to $254.6 million in Q4 2015. The Company's gross margin was 40.2% in Q4 2016 compared to 41.8% in Q4 2015. Syntel's net income for Q4 2016 was $48 million, or $0.57 per diluted share, compared to $74.2 million, or $0.88 per diluted share, in Q4 2015.
On February 17th, 2017, research firm Needham reiterated its 'Buy' rating on the Company's stock with a decrease of the target price from $27 a share to $23 a share. The complimentary research report on SYNT can be downloaded at:
Shares in Bengaluru, India headquartered Wipro Ltd closed the day 0.41% higher at $9.83. The stock recorded a trading volume of 301,660 shares. The Company's shares have gained 3.80% in the last month, 4.90% over the previous three months, and 1.87% on an YTD basis. The stock is trading 3.01% above its 50-day moving average. Additionally, shares of Wipro, which operates as an IT, consulting, and business process services company worldwide, have an RSI of 64.70.
On February 14th, 2017, Wipro announced that it is delivering analytics-based insights for specific industries with the Data Discovery Platform, its newest big data analytics-as-a-service solution. Built with IBM BigInsights and IBM dashDB and developed on Bluemix, IBM's cloud platform, the solution accelerates insight-driven decision making through pre-built applications for specific industries, such as banking and financial services, retail, energy, education and manufacturing. Register for free on Stock-Callers.com and get access to the latest PDF format report on WIT at:
At the close of the last trading session, shares in Beijing, the People's Republic of China headquartered 21Vianet Group Inc. finished 1.38% higher at $7.34. The stock recorded a trading volume of 248,680 shares. The Company's shares have advanced 0.69% in the last one month and 4.71% since the start of this year. The stock is trading above its 50-day moving average by 1.24%. Furthermore, shares of 21Vianet Group, which provides carrier-neutral Internet data center services to Internet companies, government entities, blue-chip enterprises, and small-to mid-sized enterprises in the People's Republic of China, have an RSI of 52.12.
On February 14th, 2017, 21Vianet Group announced that it plans to release its Q4 and full year 2016 financial results on March 08th, 2017 after market close. The Company will hold a conference call at 8:00 pm ET on March 08th, 2017, to discuss the financial results. Download your free research report on VNET at:
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